While some areas of the economy are experiencing an upswing, architects likely won’t see a boost until next year. For architects standing vigil for a sign that the Great Recession might be easing in 2010, macroeconomic conditions indicate it may be so, but that they must be patient. U.S. real GDP rose 5.7 percent in the fourth quarter of 2009, and the unemployment rate declined to 9.7 percent in January. But despite such positive signs, economists who follow patterns in construction predict that the architecture industry might not see a boost until 2011. Why? Tight credit, high unemployment, drastic decreases
At first, it's easy to mistake the Manhattan office of Peter Marino for an art gallery. The award-winning architect has chosen his sleek, white-walled workplace as the venue to discuss his 10 favorite buildings of all time.